Full text of G.16 Retail Furniture Report : March 7, 1956
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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM March 7, 1956 Cr.l6 RETAIL FURNITURE REPORT FOR JANUARY 1956 , Instalment accounts outstanding at furniture stores declined 3 per cent during January, a month in which some decrease is usual. Outstanding balances continued about 7 per cent above a year earlier. Collections amounted to about 12 per cent of firist-of-month receivables, 1 point above December and the same as January of last year. Sales of all types decreased sharply from December to January, as is usual for this time of year. Compared with a year ago, however, all types of sales were higher—instalment sales by 9 per cent, charge-account sales, by 6 per cent, and cash sales by 1 per cent. The retail value of furniture store inventories at the end of January was unchanged from a month earlier, but, compared with a year ago, was up about 9 per cent. Stocks on hand amounted to about a 5 months' supply at the January rate of sales. Furniture Store Statistics for January 1956 Percentage change from: Year Month j ago age i Item Net sales during month Total Cash Instalment Charge account Accounts receivable, at end of month Total Instalment Charge account Inventories, end of month, at retail value -40 -* 13 -41 -31 1 + + + + 5 3 -10 1 1 | 0 1 z- Jan. 1 Dec. 1956 j 1955 Collection ratios on instalment accounts 1/ 12 i 11 7 1 9 6 + 9 +-? +12 + 9 Jan. 1955 12 1/ Collections during month aa percentage of accounts outstanding at beginning of month. G.16 - 2 - RETAIL FURNITURE STORES - JANUARY 1956 Sales " y Type of Transaction b (Percentage changes) Total net sales Cash 1 sales Month Year Month Year ago ago ago Federal Reserve District Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas Sen Francisco -37 -51 -47 -44 -43 -47 -36 -* 19 -28 -33 -39 -28 U. S. Total i -40 Instalment |Charge-account sales i sales Month Year | Month Year ago ago ago ago - 1 +16 +12 +10 +10 + 4 + 6 - 7 +10 + 3 + 4 + 9 -46 -45 -48 -56 -43 -51 -38 -49 -45 -36 -43 -33 + 7 -43 + 1 + 1 +16 +14 +13 +10 + 5 + 9 - 3 + 5 1 + 8 i + 2 +10 j -11 -27 +1& -55 + 2 -48 -13 -43 + 1 -47 -47 - 3 - 2 . -36 -48 -9 -26 0 - 6 -29 + 1 -39 4 8 -28 Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco U. S. Total -«• + 4 0 + 6 + 7 +11 +14 +10 +13 +10 - 3 +15 + 8 J - 3 "1 -4 -4 - 5 - 3 - 3 - 3 - 3 - 5 - 3 -2 -2 Inventories, end of month, at retail value Month Year ago ago + + + + + + - , | | , | | | j i i 1 Instalment Accounts Receivable and Inventories (Percentage changes) j Instalment 1 receivables, end of month Month Year ago ago | i i I - 1 +11 +14 -6 +12. + 8+ 4 -12 +54 0 + 7 + 7 + 9 | -31 | + 6 -41 I Federal Reserve District -38 -14 -41 -52 -28 -41 -25 -50 -20 -36 -37 -25 1 5 2 1 3 2 1 2 2 2 0 0 + 8 + 8 + 9 + 3 +16 - 3 + 8 +13 + 8 + 7 + 8 +20 0 + 9
